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QUESTION 2 a)The following selected events and transactions occurred during July for Taiping Safari Park Shareholders invested RM50,000 cash in the business Purchased land costing
QUESTION 2 a)The following selected events and transactions occurred during July for Taiping Safari Park Shareholders invested RM50,000 cash in the business Purchased land costing RM130,000. Incurred advertising expense of RM1,800. 4. 11Paid salaries to employees RM2,000 15Hired park manager at salary of RM4,000 per month, effective August 1. 16Paid RM1,500 cash for one-year insurance policy. 19Declared and paid RM1,700 cash dividend. 22Received RM5,800 in cash for admission fees. 26Sold 100 coupon books from RM30 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 29Paid RM900 on balance owed for advertising incurred on July 8. Required: Journalize the above transactions in General Journal form. Explanations are not required. (10 marks)
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